Economics · General Awareness

Indian Economy Statistics

995 Questions

Test your knowledge of Indian economy statistics with these targeted questions. The set covers foreign direct investment limits, global production rankings, and GDP contributions. This data is highly relevant for general awareness preparation.

Foreign direct investment limitsGlobal production rankingsGDP contribution sectorsSavings and growth rates

Indian Economy Statistics Questions

Multiple choice social science poverty : challenge facing india meaning and measurement of poverty poverty as a challenge poverty: an economic challenge for india

The share of agriculture in India's GNP is _________.

  1. 29%

  2. 50%

  3. 60%

  4. 10%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

This question asks about agriculture's share in India's GNP at a specific point in time. The 29% figure likely corresponds to a particular year in India's economic history. India's economy has shifted from agriculture-dominant to services-dominant over decades, so this percentage would have varied across different time periods.

Multiple choice social science poverty: an economic challenge for india meaning and measurement of poverty poverty : challenge facing india poverty as a challenge

Indian Population has over the years, shown a growth rate of _________.

  1. more than 2% pa.

  2. less then 2% p.a.

  3. exactly 2% p.a.

  4. none of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

For several decades, India's population growth rate remained consistently high, often exceeding 2 percent per annum during the latter half of the 20th century, though it has since begun to decline.

Multiple choice business economics and quantitative methods public economics components of budget and budgetary procedure government budget and taxation government budget and economy

The budgetary process in India involves _____________ different operations.

  1. three

  2. four

  3. two

  4. five
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In India, the Union Budget is prepared by the Department of Economic Affairs of Ministry of Finance. The budget has four stages viz., 

(1) estimates of expenditures and revenues, 
(2) first estimate of deficit, 
(3) narrowing of deficit and 
(4) presentation and approval of budget. 
The process begins with various ministries providing initial estimates of plan and non-plan expenditures.

Multiple choice geography food security in india components of food security government measures for food security important index numbers

In India, the Public Distribution System is related to _______.

  1. Distribution of money

  2. Distribution of health care

  3. Distribution of education

  4. Distribution of food grains
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Major commodities distributed under public distribution system include staple food grains, such as wheat, rice, sugar, and kerosene, through a network of fair price shops. Food Corporation of India, a Government-owned corporation, procures foodgrains and maintains the PDS.

Multiple choice elements of business sources of business finance - 1 classification & choice of sources of funds classification of sources of finance owned funds and borrowed funds

SSI Sector contributes __________ of the Indian Exports.

  1. $25\% - 30\%$
  2. $15\% - 20\%$
  3. $45\% - 50\%$
  4. $95\% - 100\%$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

SSI Sector contributes 45-50% of the Indian Exports. SSI stands for Small Scale Industry. Small scale industries refer to those industries where production process is carried on a small scale or micro scale.

Multiple choice economics rural development in india basics of rural development meaning and importance of rural development agriculture sector

Which of the following statements about the Indian economy in the last decade is not correct?

  1. The economy of India is the fourth largest in the world with GDP of about four trillion USD at Purchasing Power Parity (PPP).

  2. Agriculture, which was a major concern for the growth of the economy, is now growing at an average of 7% per annum.

  3. A strong Balance of Payment (BOP) position in recent years has resulted in a comfortable stock of the foreign exchange reserves.

  4. India has emerged as a global leader in software and business process outsourcing.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Agriculture in India has historically grown at a much lower rate, typically around 3-4% per annum, rather than 7%. The other statements regarding India's GDP ranking, BOP position, and software leadership are generally accurate descriptions of the Indian economy in the last decade.

Multiple choice economics rural development in india basics of rural development meaning and importance of rural development agriculture sector

Agricultural sector contributes nearly _______of GDP in India.

  1. 25%

  2. 36%

  3. 50%

  4. 10%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

While the contribution of agriculture to GDP has declined over time, it historically hovered around 25% during the period this question likely refers to. Modern figures are lower, but 25% is the standard textbook answer for this context.

Multiple choice rural development poverty rural economics economics

India's basic problem is relative poverty.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

India's primary poverty challenge is absolute poverty, which refers to the inability to afford basic necessities, rather than relative poverty, which compares income levels within a society.

Multiple choice rural development poverty rural economics economics

In India, the problem of Relative Poverty is very high.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

While relative poverty exists, India's primary and most urgent poverty challenge is absolute poverty, which is the lack of basic necessities for survival.

Multiple choice rural development poverty rural economics economics

As per the newspaper reports, Standard & Poor's (S&P) has changed India's sovereign rating from 'Negative' to 'Stable'. This means
A. India's economic condition has improved a lot.
B. There is no pressure of inflation on the economy as it is well under control.
C. India's economic condition has further gone down as it has failed to control the fiscal deficit.

  1. Only (A)

  2. Only (B)

  3. Only (C)

  4. Only (A) and (B)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A change in sovereign rating from Negative to Stable by S&P indicates an improvement in the outlook, reflecting both better economic conditions and a perception that inflation/fiscal risks are being managed.

Multiple choice rural development poverty rural economics economics

Fill in the blanks from the alternatives given.
According to 1999 - 2000 prices, ________ % of India's population lived below poverty line.

  1. 26.1

  2. 38.4

  3. 68.4

  4. none of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The official estimate for the percentage of the population living below the poverty line in 1999-2000 was 26.1 percent.